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Happy birthday SpiceJet: Airline offers 10% discount on select tickets

May 23, 2015 at 11:30 | Source: FirstPost

Low cost carrier SpiceJet today announced a 10th anniversary special "Happy Birthday to Us" five-hour long flash ticket sale offering a flat 10% discount. The sale starts at10 am today for travel period between 1 July 2015 and15 October 201...

Now we are all self-insured against capital outflows: Raghuram Rajan allays fears

May 23, 2015 at 11:28 | Source: FirstPost

Amid a huge sell-off by foreign investors in the capital markets, RBI Governor Raghuram Rajan yesterday said India is well protected against volatile capital flows with its deeper reserves, surging growth and a stronger macroeconomic environment.&quo...

Wall Street Weekahead - Yellen tone suggests choppiness for markets ahead| Reuters

May 23, 2015 at 10:30 | Source: FirstPost

NEW YORK U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in com...

Gold edges lower as dollar cuts losses after U.S. data| Reuters

May 23, 2015 at 02:45 | Source: FirstPost

NEW YORK/LONDON Gold fell on Thursday as the dollar cut losses on U.S. data that showed growing economic momentum, but support came from signs the Federal Reserve was unlikely to raise interest rates in June.The number of Americans filing new claims ...

Japan stock market cap hits record, exceeds 1989 peak | Reuters

May 23, 2015 at 02:15 | Source: FirstPost

TOKYO The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of d...

Rupee value needs to be market driven - Jaitley| Reuters

May 23, 2015 at 01:45 | Source: FirstPost

DELHI Finance Minister Arun Jaitley said on Friday the value of the rupee should be market-driven, while noting India had potential to touch doubt-digit economic growth.The rupee has fallen nearly 1 percent against the U.S. dollar so far this year, d...

Germany, France usher Greece back to negotiating table| Reuters

May 23, 2015 at 01:30 | Source: FirstPost

RIGA European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.With...

China, India likely to be biggest shareholders in AIIB| Reuters

May 23, 2015 at 00:45 | Source: FirstPost

SINGAPORE China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nation...

Brent crude oil steadies near $66 before long weekend| Reuters

May 23, 2015 at 00:30 | Source: FirstPost

LONDON Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend.Monday, May 25 is Memorial Day in the United States and a public holiday in ...

Infosys founder to head India panel on startup funding platform| Reuters

May 23, 2015 at 00:15 | Source: FirstPost

MUMBAI The Securities and Exchange Board of India (SEBI) has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website.In March, SEBI announ...

Gold demand slows as China eyes equities; lack of weddings in India weighs| Reuters

May 22, 2015 at 23:45 | Source: FirstPost

SINGAPORE Gold buying was slow this week in Asia even as global benchmark prices dropped from a three-month high, with the Chinese hooked on surging equities while demand in India stayed weak and was unlikely to pick up as the wedding season cools.Pr...

EU regulator confirms recommendation to suspend drugs over flawed studies| Reuters

May 22, 2015 at 23:30 | Source: FirstPost

The European Medicines Agency confirmed on Friday its recommendation to suspend a number of medicines that were granted EU approval based on clinical studies conducted at Indian firm GVK Biosciences' facility in Hyderabad, India.The Committee for Med...

The Maggi saga: Nestle noodles now to be tested by Maharashtra FDA

May 22, 2015 at 20:26 | Source: FirstPost

Mumbai: Food and Drug Administration in Maharashtra on Fridaysaid it will verify the claims about presence of lead in Maggi noodles before taking a decision onrecalling the product.FDA in UP had claimed levels of lead and monosodium glutamate (MSG) i...

Anniversary sale: SpiceJet offers five-hour long 10% discounted ticket sale on Saturday

May 22, 2015 at 19:36 | Source: FirstPost

Low cost carrier SpiceJet today announced a 10th anniversary special "Happy Birthday to Us" five-hour long flash ticket sale offering a flat 10% discount. The sale would start from 10am to 3pm on Saturday for the travel period between 1 Jul...

Modi's one year: Arun Jaitely's all-is-well rant conveniently misses unpleasant part

May 22, 2015 at 15:51 | Source: FirstPost

Finance minister Arun Jaitelys press conference on Friday giving a round-up of the Narendra Modi governments one-year performance exhibited his mastery of presenting all the good things in a convincing tone, be it the intent to push tax reforms, rein...

Microsoft retains top spot in software revenue in India

May 22, 2015 at 14:47 | Source: FirstPost

India software revenue totaled $4 billion in 2014, an 8.3 percent increase from 2013 revenue of $3.7 billion, according to Gartner, Inc. The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by th...

"I like anything that is challenging, even if it is macaw breeding," says Sanjay Desai, ED, Mother's Recipes

May 22, 2015 at 13:47 | Source: FirstPost

Success Quotient is a weekly feature that appears every Friday in Firstpost, which looks at the pains and joys en route to success for a head honcho - whether a CEO, MD or an entrepreneur. The column looks at the ideas that helped launch a company, i...

Dear Hrithik Roshan, late much? Actor tweets now asking if 'the dress' is blue or white

May 22, 2015 at 13:30 | Source: FirstPost

The white/gold/blue/black dress had taken the internet by storm... about 3 months ago. While some saw the dress as blue and black, other saw it as white and gold.But guess who just woke up to magic of colour sighting? Hrithik Roshan. It's as if theBa...

Did airlines raise fares arbitrarily? Competition Commission investigate cartelisation again

May 22, 2015 at 13:23 | Source: FirstPost

Airlines face a fresh probe for suspected cartelisation and for the alleged arbitrary rise in fares, with the Competition Commission of India on Thursday saying it needs to get to the bottom of the issue.As a group of MPs, led by Bharatiya Janata Par...

It is all about mobiles: Ziffi.com sees 3-fold jump in bookings after app launch

May 22, 2015 at 13:15 | Source: FirstPost

Ziffi.com launched a mobile app a week ago. Since then, bookings have tripled, says Shantanu Jha, CEO and Founder.The app helps the user to find salons, spas, doctors, diagnostic centres in the locality, know their availability and make appointments....

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